Day: August 13, 2022

Bitcoin traders still favor new $20K lows as Ethereum hits $2K

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Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC/USD attempts to retest multi-month highs.ย  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buy-the-dip set for invalidation at $20,700 Data from Cointelegraph Markets Pro and TradingViewย showed BTC/USD staging a second run-up to near $25,000 on Aug. 13, so far seeing rejection. The pair had gained over $1,300 overnight, but as bulls again ran out of momentum near crucial resistance, few were optimistic over Bitcoin avoiding a deeper comedown. “One last high to rekt early shorts,” popular…

Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic

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Axie Infinity (AXS) price has nosedived following a surprise entry by the bears as seen in the daily price chart.ย  AXS hovering above both the 20- and 50-day EMA Axie Infinity price dropped as the bears slammed investors shut after going all-in with the recent uptick. The AXS/BTC pair has nosedived by 1.66% or at 0.0007748 BTC If the bears can maintain this momentum, the bullsโ€™ effort to recover will be put in vain. Now, to agitate and defeat the bears, the token will need to attract more buyers plus…

Netskope Discovers Hackers Are Using Google Sites and Microsoft Azure to Steal Crypto โ€“ Security Bitcoin News

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Attackers are taking advantage of certain SEO techniques to direct users to phishing sites for wallet apps like Metamask and exchanges such as Coinbase and Kraken. These sites, created in Google Sites and Microsoft Azure, fool users into introducing their personal information, allowing malevolent entities to siphon their funds from these services, according to Netskope. Cryptocurrency Phishing Scheme Uses SEO, Google Sites, and Microsoft Azure, According to Netskope A new kind of cryptocurrency phishing scam scheme has been detected by Netskope, an online security company, that involves SEO…

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Ethereum Flying off Exchanges While Bitcoin Moves in the Opposite Direction: Crypto Analytics Firm IntoTheBlock

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Ethereum (ETH) is leaving crypto exchanges at a rapid rate this week, while Bitcoin (BTC) is moving in the opposition direction, according to Lucas Outumuro, the head of research at analytics firm IntoTheBlock. In a new analysis, Outumuro notes Ethereum recorded nearly $1 billion in net outflows over the past week, which he says suggests โ€œstrong buying activityโ€ and points to potential accumulation. According to IntoTheBlock, net flow is measured by getting the amount of inflows of any crypto asset to centralized exchanges minus the outflows. Conversely, Bitcoin recorded weekly…

Philippinesโ€™ Unionbank to Support Cryptocurrency Exchange via Mobile App โ€“ Finance Bitcoin News

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Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its clients. The financial institution will offer select users of its mobile app the option to exchange bitcoin and other digital currencies without a separate wallet. Unionbank to Add In-app Crypto Exchange Feature, Reportedly a First in the Philippines The Union Bank of the Philippines (Unionbank) is working to become the first universal bank in the country to facilitate cryptocurrency exchange within its mobile application. Users will be able to buy…

Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

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The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the U.S. dollar. However, miners resilient to the yearโ€™s lowest mining revenue day, June 13, witnessed a 68.63% increase in mining revenue within a month. Over the year, revenue from Bitcoin mining dropped due to a multitude of factors centered around investor sentiment โ€” driven by tensions arising from market crashes, ecosystem collapses and loss-making investments. Cutting through the noise, the Bitcoin ecosystem recovered across…

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Iskra Redefines Game Publishing at Korea Blockchain Week, Announces New Games โ€“ Press release Bitcoin News

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press release PRESS RELEASE. SEOUL โ€“ Iskra took the stage at Korea Blockchain Week, outlining their vision of game publishing in the era of Web3. โ€œThe technology is now available for us to provide an ecosystem that enables better outcomes for everyone: players, game developers and the platform itself. There is now an opportunity for every stakeholder (especially players) to share in the overall value created by the game experience: from digital asset ownership, fandom development, to overall community participation.โ€, explains Ben Colayco, Iskraโ€™s Global Managing Director. Iskra plans on…